Kadin: 40 Percent of Funds from Exports Ready to be Converted to Rupiah

By : Ridwan And Aldi Firhand. A | Wednesday, September 19 2018 - 20:21 IWST

Rosan Roeslani Ketua Umum KADIN (dok KADIN INDONESIA)
Rosan Roeslani Ketua Umum KADIN (dok KADIN INDONESIA)

INDUSTRY.co.id - Jakarta- Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Rosan Roeslani said he was optimistic that 40 percent of foreign exchange export proceeds could return to the country and be converted to rupiah. This step was taken to re-strengthen the rupiah exchange rate against the US dollar. Until now, the DHE brought home by entrepreneurs has only reached the level of 13.7%, but according to Rosan that number will increase.

"If yesterday was still 13.7%, friends (exporters) said it could be up to 40% within a year," he said at the Coordinating Ministry of Maritime Affairs, Jakarta, Tuesday (09/18/2018).

According to Rosan because the entrepreneurs had previously met and committed themselves to the government to bring DHE back to Indonesia.

"The commitment has been requested (exporters) and has been asked how many details can be converted, how many are in need of goods. This is already underway," he added.

Previously, Bank Indonesia (BI) recorded export earnings (DHE) which were exchanged into rupiahs only reaching US $ 4.4 billion per quarter II-2018.

The data was conveyed by BI Governor Perry Warjiyo during a working meeting (Raker) with the House of Representatives Commission XI on the explanation of the weakening of the rupiah value, Jakarta, Wednesday (05/09/2018).

Perry said that the total export value in the second quarter of 2018 was US $ 43.7 billion, while the total export earnings from exports returned to the village amounted to US $ 34.7 billion.

"DHE entering the banking sector is US $ 32.1 billion, or approximately 92.4%," Perry said

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…